NICOBAT

Overview

Nicobat is a nickel-copper-cobalt project in the Rainy River District in northwest Ontario, Canada.

• Active mine development in region with excellent road and rail access, power, and water

• Up to 2.6 wt% Ni and 0.17 wt% Cu above 100 metres depth in recent samples

• Nickel tenor of 3-5 wt% Ni

• Near surface mineral zone open at depth in potential feeder zone

Historical Work & Results

Historic work includes over 220 drill holes and metallurgical studies on numerous bulk samples between 1952 and 1972

• Stratmat Ltd. reported a non-compliant historic resource of 6.35 million short tons

• Chibtoen Copper Corporation reported a non-compliant historic resource of 5.3 million short tons grading 0.28% Cu, 0.24% Ni, including a mineral zone with 225,000 short tons grading 0.65% Cu, 0.87% Ni

Geology

In 2015, Crystal Lake Mining completed a 1,860 metre 10-hole drilling program that confirmed high-grade nickel-copper shoots do exist and are considerably better than previously recorded in the historical drilling

• Drill hole A-04-15 intersected from surface to 63.75 meters a weighted average of 1.05% nickel and 2.18% copper

• Of significance, the bottom 9.8 meters section averaged 1.92% Ni, 0.17% Cu, and 0.132% Co indicating that deep targets identified using a SGS geochemical survey may contain higher-grades

The magnetic signature of the  Dobie Intrusion highlights the  mineralized magnetic unit. The small western margin of  the Dobie Intrusion has the form of a funnel-like embayment with a possible feeder underneath. N-S-trending magnetic high  that maps a possible tail or  embayment structure associated  with the Dobie Intrusion.

Exploration Targets

There are 2 primary exploration targets at Nicobat:

1.Wider zones of higher grade mineralization in the roots of the breccia pipes (>150m depth)

2.Basal concentration of magmatic sulfides at base of the Dobie Intrusion